The average debt per citizen is $63,921. The total debt per citizen is $212,742. The total debt per family is $833,030 where as the total savings per family is $4472. The scenario is grave. Americans are in serious financial problems and it seems they need immediate debt help and advice.
Americans need financial debt help badly. The figures are enough to prove that.
|US Debt statistics - 2018|
|US National Debt - $20,857,201, 270,542|
|US Debt per citizen - $63,921|
|Total debt per citizen - $212,742|
|Total personal debt - $18,893,789,800,528|
|Mortgage debt - $15,020,945,600,450|
|Student loan debt - $1,506,733,989,782|
|Credit card debt - $1,030,698,238,657|
|Personal debt per citizen - $57,721|
|Total debt per family - $833,030|
Updated till March 12, 2018. Source:Debt Clock.
It’s not always possible to know that you have a debt problem. But nonetheless, it’s essential to know you’re getting into a financial crisis gradually. Otherwise, your debt may escalate to a great level, and you won’t be able to do anything. Here are a few signs to indicate you’re getting into a financial crisis gradually.Warning signs you need help with debt
Are all the signs applicable for you? If so, then contact our Financial Coach for getting help with debt problems. The Financial Coach will suggest you the options to solve your problems.
If you need help with your unsecured debts, you can approach a debt relief company and choose the option which suits your financial condition:
Client satisfaction level:Check Video TranscriptKM1 from CA saved $16087.76
Hello I'm KM1. I got in touch with the Oakview law group of the internet so they can help with some financial crisis I am having. Steve Lewis has been the guy that's been helping me a lot. I had some financial hardships, I did take out some payday loans for some emergency. My son was born with a lot of congenital defects so he recently had heart surgery and had a lot of bills there to pay and you know all these different medical bills anesthesiologist and everything else and another thing happened, my wife just had a miscarriage so it was just more funds that I just need. The emergency funds got in over my head and Steve has been great to help me out a lot. So I have a financial hardship right now and he's doing his best.* Client names have been changed to protect privacy
If you rely too much on your credit cards, and spend more than what you can pay for, you'll evidently end up with enormous credit card debts. You can practice budgeting to get rid of them first. If that doesn't work, you can seek help from professional agencies and go through their credit card debt relief process. Depending on the amount and your affordability, you can either choose management or consolidation or settlement, to get rid of your growing credit card bills.
Too many payday loans or short-term cash advances can be deadly for your finances. Once you get trapped into a vicious payday loan cycle, it's difficult to pay them off. If you're unable to handle them on your own, you can approach a company offering debt relief services and pick a suitable solution for yourself. Professional companies can process your payday loans and help you to get rid of them as early as possible.
If you're eager to get rid of your debt problems and regain your peace of mind, the following strategies might help you along the way:
A single mistake can push you towards financial problems. When you need help paying off debt, you have to be extra careful. Otherwise, you may get into new problems yet again. Here are a few things you should never do.
When you lower your payoff amount, your debt-to-income ratio and credit-utilization ratio drop. This improves your credit score automatically.
Do you need debt help and advice? Our financial coach can help you out. Just call at 800-530-6854. If 5761 clients can become debt free in the last 10 years, then so can you. So don’t wait and let your outstanding balance increase. All you need to do is just make one call.
Last Updated on: Tue, 5 Jun 2018